Latest news with #2024USUtilitiesDecarbonizationIndex
Yahoo
3 days ago
- Business
- Yahoo
PG&E, Bridger Photonics Partner to Enhance Methane Leak Detection
PG&E Corporation (NYSE:PCG) is one of the most undervalued NYSE stocks to buy now. On July 8, Pacific Gas and Electric Company (more commonly known as PG&E) announced a collaboration with Bridger Photonics Inc., which is a global leader in methane detection technology. The partnership aims to enhance PG&E's efforts in detecting and repairing system leaks, thereby reducing methane emissions across its extensive natural gas transmission and distribution pipeline system. PG&E serves ~16 million people across a 70,000 square mile service territory in northern and central California. The company operates 42,141 miles of natural gas distribution pipelines and 6,438 miles of transmission pipelines, and serves 4.5 million natural gas distribution customer accounts. Bridger's Gas Mapping LiDAR/GML technology offers improved speed and accuracy in natural gas leak detection compared to traditional methods. Brightly-lit nighttime view of an electricity power grid with distribution lines and transmission substations. In 2024, PG&E surpassed its 2025 methane emission reduction target and achieved a 42% reduction compared to its 2015 baseline. The company was also ranked number one overall on the 2024 US Utilities Decarbonization Index, compiled by the National Public Utilities Council. PG&E Corporation (NYSE:PCG) through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity & natural gas to customers in northern & central California in the US. While we acknowledge the potential of PCG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey.
Business Wire
5 days ago
- Business
- Business Wire
PG&E and Bridger Photonics Team Up to Boost Methane Leak Detection and Improve Safety and Efficiency
OAKLAND, Calif. & BOZEMAN, Mont.--(BUSINESS WIRE)--Bridger Photonics Inc. ('Bridger'), the global leader in methane detection and data for the oil and gas industry, is proud to announce its work with Pacific Gas and Electric Company (PG&E), a subsidiary of PG&E Corporation and one of the largest utility companies in the US. Through this collaboration, Bridger's cutting-edge technology will help PG&E strengthen its efforts to more efficiently detect and repair system leaks and reduce methane emissions across its vast natural gas transmission and distribution pipeline system. This work will drive improvements in pipeline safety and emissions reductions and contribute to energy supply resiliency and affordability. "This partnership is a powerful example of how innovative technology can foster the safest, and utmost resilient and affordable energy supply," stated Ben Little, CEO of Bridger Photonics. Serving approximately 16 million people across its 70,000 square mile service territory in northern and central California, PG&E operates 42,141 miles of natural gas distribution pipelines, and 6,438 miles of transmission pipelines with 4.5 million natural gas distribution customer accounts. The company's commitment to reducing methane emissions aligns with Bridger's Gas Mapping LiDAR® (GML) technology, which provides dramatically improved natural gas leak detection speed and accuracy compared to traditional methods. The ability to precisely locate and quantify leak flow rates allows PG&E to prioritize repairs based on emission size and proximity to populated areas and infrastructure, ensuring faster response times for improved safety and more effective emissions reduction. 'PG&E's utilization of Bridger's advanced aerial leak detection technology represents a significant step forward in reducing risk on our natural gas system and in lowering methane emissions,' said Jeff Janvier, Lead of Gas Distribution Operations at PG&E. 'This sensor enables us to accurately pinpoint leaks on our system from an aerial platform, including precise measurement of flow rates, thus mitigating safety risk and reducing methane emissions in a prioritized manner.' "We are excited to expand our work across California by partnering with PG&E to support their efforts in reducing methane emissions, improving safety, and enhancing operational efficiency. This partnership is a powerful example of how innovative technology can foster the safest, and utmost resilient and affordable energy supply," stated Ben Little, CEO of Bridger Photonics. In 2024, PG&E exceeded its 2025 methane emission reduction target, achieving a 42% reduction compared to its 2015 baseline. Additionally, in 2024, PG&E ranked number one overall on the 2024 US Utilities Decarbonization Index, compiled by the National Public Utilities Council. The partnership with Bridger Photonics will further accelerate PG&E's progress, with Bridger's aerial leak detection technology playing a crucial role in meeting future emissions reduction goals, including a net-zero target for 2040. About Bridger Photonics, Inc. Bridger Photonics is the global leader in aerial methane detection for oil and gas operators throughout the natural gas value chain. The company's Gas Mapping LiDAR® (GML) system detects methane with its patented and state-of-the-art laser technology, which provides rapid and accurate system compliance leak surveys. The GML system provides auditable scan coverage, robust leak detection capabilities across large infrastructure networks, precise leak localization, and actionable leak quantification estimates. Bridger Photonics provides companies like PG&E, SoCalGas, ExxonMobil, Chevron, Phillips 66, and others with data that helps them quickly and efficiently detect and reduce methane emissions. About PG&E Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE: PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit and
